RIYADH: Allianz Saudi Fransi Cooperative Insurance Company has announced a net profit of SAR 11.22 million for the quarter ended March 31, 2019, which is 15.9 percent higher than the profit of SAR 9.67 million recorded in the corresponding period last year.
The increase in net profit before is mainly due to the decrease in total underwriting costs and expenses by 3.1% (SAR 121.5 million versus 125.5 million). This reflects the excellent performance in motor and other general lines.
The earnings per share (EPS) for the quarter under review clocked in at SAR 0.56 as against EPS of SAR 0.48 in the same period last year.[the_ad id=”31605″]